Bunnings sites up for grabs

The new Joondalup store will open this week. Chief operating officer Peter Davis said the development on Neerabup Road in Clarkson was on schedule and the store should open in mid-2014.

‘Once the new Mindarie and Joondalup warehouses are open, Bunnings will look to sublet the former sites, however no decision has yet been made on who the tenant will be,’ Mr Davis said.

Bunnings leases the sites from the BWP (Bunnings Warehouse Property) Trust, whose portfolio manager Andrew Ross said the trust had no intentions to sell either property in the short term.

‘As with all properties in our portfolio, we will constantly review our position,’ Mr Ross said.

‘There are numerous potential uses but this is dependent on the planning regime at each property.

‘We have received interest from potential buyers.’